Ministry of corporate affairs (MCA)
September 9, 2016
- Companies (Share Capital and Debentures) Fourth Amendment Rules, 2016
They shall come into force on the date of their publication in the Official Gazette.
In the Companies (Share Capital and Debentures) Rules, 2014, in rule 18, after Sub-rule (10), the following sub-rule shall be inserted, namely: -
“(11) Nothing contained in this rule shall apply to rupee denominated bonds issued exclusively to overseas investors in terms of A.P. (DIR Series) Circular No. 17 dated September 29, 2015 of the Reserve Bank of India.”.